The investment in Muskoka Timber Mills (MTM) is AnnexPark’s fifth investment and the 4^th in the building materials sector.

MTM has grown from its beginnings as a local sawmill to become a manufacturer of high end, on trend and long-lasting materials for the building industry in Muskoka.  The Company goes to market across three product lines being 1) A branded wood siding line called Timberthane; 2) Interior and exterior pre finished wood products for applications such as walls, floors, ceilings and soffits; and 3) Timbers.

AnnexPark is excited about extending the geographic reach and product breadth of MTMs products as well adding new products to the market through its sister company TransCanada Wood Products.

The investment in TransCanada Wood Products (“TCWP”) was over two years in the making. Over 30 years Richard O’Mara formed TCWP which today is Ontario’s leading distributors of specialty wood products including douglas fir, cedar, pine and hemlock timbers based out of Barrie. Our transaction allowed Richard the opportunity to put in place a succession plan that included having General Manager David McCarthy step into an equity position alongside AnnexPark and its investors. Richard laid a strong foundation for growth. Going forward our strategy is to build on this strong foundation but expand across product lines, geography, and service offering.

The complexity in the transaction centered around the real estate given the existing real estate stayed with the vendor and his minority shareholders. Simultaneous with the purchase of TCWP, AnnexPark Capital and its investors purchased 108 acres on Highway 90 just to the west of Barrie. Surplus land will be sold over the next 3-5 years.

We were fortunate to have known Amanda Reali for years before we ultimately became partners in her clinic. Her passion and dedication to helping children and their families is what attracted AnnexPark to this partnership.

Based out of Mississauga, Papillon is a leading provider of behavioural therapy for children with autism. The clinic has an excellent reputation for providing industry leading care with a focus on Applied Behavior Analysis (ABA) and Intensive Behavior Intervention (IBI) therapy.  These programs encompass all areas of development, including attention, language, social, fine and gross motor, academic and group skills. Papillon has built its reputation on providing industry leading therapy but with a core focus on parental participation.

AnnexPark’s is partnering with Amanda and the Papillon management team to build on the foundation that has been laid. Our primary focus is to expand the service model by offering a multi-disciplinary care model to the children and their families in the clinic.

We were lucky enough to connect with Distinctive Wood Products (“DWP”) after 25 years under the guidance and ownership of Joe and Sue Duimering.  DWP has operated since 1993 with a tightly focused strategy of providing custom manufactured wood products to the kitchen and cabinet making industry.   DWP is a leading provider in this niche B2B category.   AnnexPark was initially attracted by the Company’s, unique corporate culture, steady growth, and decades long record of client loyalty led by President Joe Duimering.

As we learned more about the business, we were further impressed by 1) the long tenured and enthusiastic staff and by 2) the industry leading quality and production metrics.  The process was completed in less than two months from signing of a Letter of Intent (with agreement on pricing and terms) through due diligence and signing of final documents.

We are very pleased to say that through the diligence process Joe and Sue decided to co–invest with us and are our partners in Distinctive Wood Products.